What Levanta Renewables does

Levanta Renewables is a Singapore-headquartered, Actis-owned renewable energy platform that develops, builds, finances, and operates utility-scale solar, onshore wind, and battery energy storage projects across Southeast Asia. The company was founded in 2018, acquired by Actis in August 2022 as its dedicated renewable energy platform for the region, and currently holds a portfolio of approximately 722 MW across operating, under-construction, and contracted assets in Thailand, the Philippines, Vietnam, and Malaysia, with a stated target of 1.5 GW by 2028.

Its core product offerings are ground-mounted solar PV, onshore wind, rooftop solar for commercial and industrial customers, and increasingly integrated battery energy storage systems. Major named projects include the 139.4 MWp Sunflower portfolio, the 91 MWp+ Thai Solar Renewables portfolio, the 93 MWp Daisy portfolio, the 50 MW Chu Prong wind farm in Vietnam, the under-development 100 MW Atimonan wind project and the 166 MWp Barotac solar + 80 MWh BESS project in the Philippines, and a 375 MW Citicore wind joint venture portfolio. Levanta operates as a developer, owner, and long-term asset operator, holding the assets on its own balance sheet rather than selling developed projects.

Revenue is generated through long-term power purchase agreements — typically 15 to 25 years — primarily with state-owned utilities (PEA, MEA, EGAT, EVN) and a small base of C&I corporate offtakers such as Karex. Pricing is bespoke per PPA, project finance is arranged through regional and international banks (Kasikornbank, SMBC, BIDV), and the company employs approximately 75 people across six offices. Growth is being pursued through an aggressive buy-and-build strategy, with seven announced acquisitions between mid-2024 and early 2026.

Name

Levanta Renewables

Legal name

Levanta Holding Pte. Ltd.

Website

https://levantarenewables.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Levanta Renewables is a Singapore-based, Actis-owned renewable energy platform that develops, owns, and operates utility-scale solar, onshore wind, and battery storage projects across Southeast Asia, selling electricity under long-term PPAs primarily to government utilities in Thailand, the Philippines, Vietnam, and Malaysia.

Ownership category

akta.pro rank

Product category

Renewable Energy Generation

NAICS

Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)

SIC

Cogeneration Services & Small Power Producers (4991), Electric, Gas & Sanitary Services (4900)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

Keywords

• Utility-scale solar power
• Onshore wind energy
• Battery energy storage
• Renewable energy development
• Power purchase agreements

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices6 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Supply Chain, Operations, Technology or R&D, Personnel, Marketing or Sales

Revenue model

1. Renewable Electricity Sales via PPAs: Long-term power purchase agreements (PPAs) with government utilities and private power companies to sell renewable electricity generated from owned and operated solar, wind, and storage assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels1 record

Core offering

Levanta Renewables is a Singapore-headquartered renewable energy platform that develops, finances, builds, owns, and operates utility-scale solar PV, onshore wind, and battery energy storage projects across Southeast Asia. It sells electricity under long-term Power Purchase Agreements (PPAs) to government utilities (PEA, MEA, EGAT, EVN) and large commercial & industrial customers in Thailand, the Philippines, Vietnam, and Malaysia, with 750+ MW of portfolio capacity and a 1.5 GW target by 2028.

Product overview

Levanta Renewables operates as a diversified renewable energy platform developing, building, and operating solar, wind, and battery storage projects across Southeast Asia. The company's core offerings include Ground-Mounted Solar (utility-scale photovoltaic installations), Onshore Wind (land-based wind turbine projects), Battery Energy Storage Systems (BESS integrated with renewables), and Rooftop Solar for commercial and industrial customers. The platform encompasses multiple named project portfolios including the Daisy Ground-Mounted Solar Portfolio, Sunflower Ground-Mounted Solar, Thai Solar Renewables Portfolio, and Visayas Ground-Mounted Solar and Storage in the Philippines. The company also operates the Chu Prong Onshore Wind Farm in Vietnam and is developing the Atimonan Onshore Wind Project and Levanta Citicore Wind JV portfolio in the Philippines. Levanta delivers projects from greenfield development through financing, construction, and long-term asset management, backed by parent company Actis with a target of 1.5 GW operating capacity by 2028.

Differentiator

Problem solved

Functional benefit

Brands

• Levanta CARES: Community investment strategy program focusing on climate adaptation, advancing communities, renewable energy talent, and enabling youth

Products and services

• Ground-Mounted Solar Utility-scale solar photovoltaic installations mounted on the ground, generating clean electricity from sunlight and sold to government utilities (e.g., PEA, MEA, EVN) and C&I customers under long-term Power Purchase Agreements (PPAs). Offered across Thailand, Philippines, Vietnam, and Malaysia.
• Onshore Wind Wind power projects using turbines located on land to convert kinetic energy from air movement into electricity, sold under long-term PPAs to government utilities and corporate offtakers. Active project portfolio includes assets in Vietnam (Chu Prong) and the Philippines (Atimonan, Levanta Citicore Wind JV).
• Battery Energy Storage System (BESS) Large-scale battery storage integrated with renewable energy projects to store excess generation and provide grid stability, ancillary services, and reliable power supply. Deployed as part of integrated solar + storage projects (e.g., the 166 MWp solar + 80 MWh BESS Barotac project in the Philippines).
• Commercial & Industrial Rooftop Solar Solar PV systems installed on commercial and industrial rooftops, providing clean energy directly to business operations under long-term PPA arrangements. Deployed for customers such as Karex (Thailand, 2.2 MWp) and higher-education and manufacturing sites in Malaysia (Malacca 600 kWp, Perak 800 kWp).

Quantifiable outcome

• 750+ MW portfolio capacity across operating, under-construction, and contracted assets
• +2 more outcomes

Named customers4 records

Segments7 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core, key and minor.

• China Energy Engineering Group (CEEC)coreOthers · 1 January 2024CEEC serves as the Engineering, Procurement, and Construction (EPC) contractor for the Barotac Floating Solar Project in the Philippines. CEEC is responsible for project construction and delivery.
• Triconti Windkraft GroupcoreStrategic or Co-development PartnerTriconti Windkraft Group is the local development partner for the Atimonan Onshore Wind Project in Quezon Province, Philippines. The partnership leverages Triconti's local expertise and project development capabilities.
• Citicore Renewable Energy Corporation (CREC)coreStrategic or Co-development PartnerJoint venture partnership with CREC for development of 375 MW onshore wind portfolio in the Philippines. Levanta holds 40% stake in the joint venture with option to increase ownership.
• KarexkeyOthersKarex is a PPA customer for rooftop solar installation in Thailand. Levanta developed and operates the solar installation for Karex under a long-term power purchase agreement.
• Tien Nga Joint-Stock CompanyminorOthersAcquisition of rooftop solar portfolio including Vietnam-based operations. Tien Nga's rooftop solar assets were acquired to expand Levanta's C&I solar footprint in Vietnam.
• Super Energy CorporationkeyOthersAcquisition of solar portfolios from Super Energy Corporation including Thai Solar Renewables (91+ MWp across 10 sites) and Sunflower (139.6 MW across 24 sites) portfolios.

Scale indicators21 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Vena Energy: One of the largest renewable IPPs in Asia-Pacific, operating utility-scale solar, wind, and storage across SEA markets including Thailand, Philippines, Vietnam, and Indonesia. Closely comparable to Levanta in technology mix, regional footprint, and project development model.
• Nexif Ratch Energy: Singapore-based renewable energy platform jointly owned by Nexif and Ratch Group, developing and operating wind and solar assets across SEA (Thailand, Philippines, Vietnam). Several Levanta senior executives (CIO Pankaj Sakhuja, Head of BD Puneet Malhotra, Advisor Ravi Chandran) joined from Nexif Ratch, underscoring direct business overlap.
• B.Grimm Power: Thai-listed power company with diversified generation portfolio including significant solar and wind capacity across Thailand, Vietnam, and other SEA markets, operating under similar PPA structures with government utilities.
• Citicore Renewable Energy Corporation (CREC): Philippines-based renewable energy developer that is itself a JV partner with Levanta on the 375 MW onshore wind portfolio; operates utility-scale solar and wind projects in the Philippines and is one of the country's leading IPPs.
• Super Energy Corporation: Thailand-listed renewable energy developer from which Levanta acquired the Sunflower and Thai Solar Renewables portfolios; continues to develop and operate utility-scale solar and wind projects across Thailand and SEA under similar government PPA structures.
• AC Energy ( Ayala Corporation ): Philippines-listed energy platform of Ayala Corporation developing and operating utility-scale solar, wind, and storage across the Philippines and broader SEA, with similar offtaker concentration (Meralco, government auctions) and project development approach.
• Gulf Energy Development: Large Thai IPP that has expanded aggressively into renewable energy across Thailand and SEA via acquisitions and greenfield development, with comparable offtaker base (PEA, MEA, EGAT) and large-scale project finance capability.

Emerging players

• Cleantech Solar: Asia-focused C&I rooftop solar developer (acquired by Keppel/Shell in 2022) operating across SEA, with comparable product focus on commercial and industrial PPA structures. Levanta's Head of Solar Raghav Malhotra was previously VP at Cleantech Solar.

Broad incumbents

• Sembcorp Industries: Singapore-listed energy and urban solutions conglomerate with significant renewable energy (solar, wind, storage) operations across SEA, including India and China, as part of a broader conventional and renewable generation portfolio.
• ENGIE Southeast Asia: French multinational utility with renewable energy generation footprint across SEA (including Thailand, Vietnam, Philippines) through both greenfield and acquired portfolios; comparable in technology mix but operates as part of a much larger global utility.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/levantarenewables

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Levanta Renewables